When the availability of each alternative and its outcomes are associated with probability estimates, decisions are being made under a condition of
A) certainty.
B) uncertainty.
C) risk.
D) conflict.

Question

Quizplus · Accepted Answer

When decisions are being made under conditions of uncertainty, the probability estimates for each alternative and its outcomes are not known. In contrast, decisions made under conditions of risk involve known probability estimates for each alternative and outcome. Therefore, choice C is the best answer.

When the Availability of Each Alternative and Its Outcomes Are